Macquarie : AirFinance announces closing of $500 Million of senior unsecured notes due 2028
June 08, 2023 at 10:24 am EDT
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Macquarie AirFinance announces closing of $500 Million of senior unsecured notes due 2028
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London, 08 June 2023
Macquarie AirFinance Holdings Limited (the "Company") announced today the closing of its sale of $500 million aggregate principal amount of 8.375% Senior Notes due 2028 (the "Notes") to investors in a private offering. The Notes are initially jointly and severally guaranteed (each, a "Guarantee") by each of the Company's direct and indirect subsidiaries, other than the servicing entities of the Macquarie AirFinance group and each secured group subsidiary as defined under the Company's existing unsecured credit facility.
The Company plans to use the net proceeds from the sale of the Notes to prepay a portion of the outstanding principal amount of the Company's existing debt, consisting predominantly of secured debt.
Michael Sims, Chief Financial Officer of the Macquarie AirFinance group, stated, "We are very pleased with the strong response to our inaugural senior unsecured note offering. This important strategic transaction provides additional diversification in our funding as well as continued momentum as we transition to a predominantly unsecured capital structure."
About Macquarie AirFinance
Macquarie AirFinance, an aircraft lessor founded in 2006, provides aircraft and capital to the world's airlines. The company owns and leases commercial jet aircraft internationally through offices in North America, Europe and Asia. Macquarie AirFinance is owned by Macquarie Asset Management (50%), PGGM Infrastructure Fund (25%) and Australia Retirement Trust (25%).
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Macquarie Group Ltd. published this content on 09 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2023 14:23:12 UTC.
Macquarie Group Limited is an Australia-based global financial services company. The Company specializes in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advice, access to capital and principal investment. Its segments include Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM) and Macquarie Capital. MAM segment provides investment solutions to clients across a range of capabilities in private markets and public investments. The BFS segment provides a range of personal banking, wealth management, and business banking products and services to retail clients, advisers, brokers, and business clients. The CGM segment is a global business offering capital and financing, risk management, market access, physical execution, and logistics solutions. Macquarie Capital segment offers advisory and capital raising services.